Stantec is updated but rated only a Hold at $114.52 or US. $83.73.
It’s up a very impressive 45% since my last update in March last year when it was rated (lower) Buy.
It’s up an incredible 9,062% since I first added it to this web site as a Strong Buy almost 25 years ago. That was September 3, 1999 and the price was $10.00 but that’s just $1.25 adjusted for stock splits. The compounded return has been 20% annually which I certainly never would have guessed back in 1999. If this stock hits $125 later this year then it will be a 100 bagger in 25 years. At Saturday’s annual meeting, Warren Buffett talked about he amazing power of compounding a good or decent return for many years. The return has to be decent and be above inflation. Basically double digit returns can work wonders over periods of 30 years or more. And 20% annual returns can produce astounding results but that’s very hard to find and sustain of course.
Stantec currently looks quite expensive. But it may well report another strong quarter when it reports in a few days.
Those with large positions might want to trim but the best strategy for a smaller position is probably to hold and to be prepared to add to it if it happens to pull back substantially.